A
vs
B
Share
Compare their flowsAsk IQ about these two funds

MODL vs USMV: Differences, Returns & Fees

MODL and USMV hold 30% of their weight in the same names, and MODL returned +15.3% over the year. Net assets: $1.0bn on Jun 30, 2026 for VictoryShares WestEnd U.S. Sector ETF, and $23.8bn on Oct 9, 2026 for iShares MSCI USA Min Vol Factor ETF.

USMV costs 0.31 points a year less; their one-year returns differ by 7.8 points; USMV is far larger, $23.0bn against $1.0bn.

MODL vs USMV: Differences, Returns & Fees
MODLUSMV
Expense ratio0.46%0.15%
Net assets, as of Jun 30, 2026$1.0bn$23.0bn
Total return, 1 year+15.3%+7.5%
What it tracksNo index, actively managedMSCI USA Minimum Volatility (USD) Index
Holdings in common30%
Top ten holdings, share of the fund32.6%15.1%

Holdings in common uses holdings dated Jun 30, 2026 and Oct 9, 2026.

+15.3%
MODL total return, 1 year
+7.5%
USMV total return, 1 year
0.46%
MODL expense ratio
0.15%
USMV expense ratio

What they hold in common

By the books each fund has filed, MODL and USMV hold 30% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and Oct 9, 2026.

half

30% in common

Positions both hold, largest shared weight first
Holding MODL USMV
MICROSOFT CORPORATION 3.52% 1.66%
NVIDIA CORPORATION 6.04% 1.59%
BERKSHIRE HATHAWAY INC. 1.73% 1.46%
JOHNSON & JOHNSON 1.31% 1.44%
MASTERCARD INCORPORATED 1.03% 1.27%
VISA INC. 1.41% 1.03%
APPLE INC. 5.48% 0.96%
BROADCOM INC. 2.31% 0.93%
GILEAD SCIENCES, INC. 0.94% 0.89%
ADVANCED MICRO DEVICES, INC. 1.22% 0.86%
MICRON TECHNOLOGY, INC. 1.69% 0.79%
ABBVIE INC. 2.69% 0.78%
Only in MODL
ALPHABET INC. 2.90%
ELI LILLY AND COMPANY 2.21%
JPMORGAN CHASE & CO. 2.16%
LINDE PUBLIC LIMITED COMPANY 1.05%
TESLA, INC. 1.03%
BANK OF AMERICA CORPORATION 1.01%
UNION PACIFIC CORPORATION 0.97%
INTEL CORPORATION 0.78%
Only in USMV
EXXONMOBIL HOLDINGS CORP 1.49%
WELLTOWER 1.44%
COCA-COLA 1.26%
WASTE MANAGEMENT INC 1.25%
REPUBLIC SERVICES INC 1.24%
WASTE CONNECTIONS 1.12%
PROCTER & GAMBLE 1.07%
TJX 0.96%

Check overlap with more funds →

On the same fields

MODL
VictoryShares WestEnd U.S. Sector ETF
USMV
iShares MSCI USA Min Vol Factor ETF
Where it sits Stock ETF Stock ETF
Issuer VictoryShares iShares
What it is Actively managed Tracks the MSCI USA Min Vol Factor
Total return, 1 year +15.3% +7.5%
Expense ratio 0.46% 0.15%
Already in the S&P 500 95.6% 93.0%
Holdings 363 176
Net assets, MODL as of Jun 30, 2026 and USMV as of Oct 9, 2026 $1.0bn $23.8bn

MODL and USMV on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

About MODL

MODL is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned +15.3% with distributions reinvested. The prospectus expense ratio is 0.46% a year. By its holdings filed for Jun 30, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 363 positions, with the top ten at 32.6%.

About USMV

USMV tracks the MSCI USA Min Vol Factor. Over the year to Oct 9, 2026 it returned +7.5% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 9, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 176 positions, with the top ten at 15.1%.

Questions people ask

Which returned more over the last year, MODL or USMV?
In the year to Oct 9, 2026, with distributions reinvested, MODL returned +15.3% and USMV +7.5%.
Which is cheaper, MODL or USMV?
USMV is cheaper, by 0.31 percentage points a year. That is about $31 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do MODL and USMV overlap with the S&P 500?
By their latest filed holdings, 96% of MODL and 93% of USMV by weight is stocks the S&P 500 already holds.
Other comparisons
MODL vs SPMOMODL vs RDVYDFUS vs MODLMODL vs OEFOMFL vs USMVUSMV vs VTHRUSMC vs USMVSCHK vs USMV
MODL on its own →USMV on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
MODL filings on SEC EDGAR ↗MODL prospectus with the expense ratio (SEC) ↗USMV filings on SEC EDGAR ↗USMV prospectus with the expense ratio (SEC) ↗iShares page for USMV ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, MODL against USMV, data as of Oct 9, 2026. https://etfiq.com/compare/any/modl-vs-usmv

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.